Wednesday, January 16, 2008

Fred Thompson comments on government spending

LAURENS - Republican White House hopeful Fred Thompson said Wednesday that the United State's spending on programs like Medicare and welfare puts the country on a course for the same financial oblivion that brought down the Soviet Union during the Cold War.

"We're doing it in a different way," Thompson said during a radio interview in response to a question about President Ronald Reagan's strategy of outspending the Soviet Union and whether the U.S. was now on the same course. "The bottom line could be the same."